Canada & USMCA
If one thing has been clear since the beginning of Trump’s second term, it is that he prefers bilateral trade deals. America has negotiated many such deals in the last year and a half. Somehow the Canadian trade officials have missed this. The only reason we have a trilateral trade deal in USMCA is that Nancy Pelosi would not allow a bilateral deal with Mexico to go forward.
The Canadians are now threatening to leave the USMCA trade talks if Trump triggers 50% tariffs. How is threatening something that benefits the Trump administration a good strategy? Let’s be reminded that the Trump administration has already triggered the sunset provisions of the USMCA deal.
